Job Description

The

Finance Manager

will be responsible for managing the company's financial planning, budgeting, reporting, and compliance functions. The ideal candidate should have experience in the

manufacturing or steel/metal industry

, with a strong understanding of cost control, production-related financial analysis, and working capital management.

Key Responsibilities1. Budgeting & Financial Planning

Prepare annual budgets and financial forecasts for production, operations, and capital expenditure. Monitor financial performance by tracking actual results vs. budgeted numbers. Conduct variance analysis and provide actionable insights to management.

2. Costing & Production Finance

Oversee product costing, BOM validation, and cost optimization for manufacturing processes. Analyze material consumption, wastage, and production efficiency to improve margins. Work closely with the operations team to evaluate plant performance and process improvements.

3. Receivables & Payables Management

Follow up on receivables to ensure timely customer payments. Monitor and manage vendor payments and overall cash flow. Ensure effective credit control and maintain healthy working capital cycles.

4. Expense Management

Review and validate all operational and administrative expenses. Implement cost-saving measures and ensure adherence to budgets. Track and approve purchase requests and inventory-related costs.

5. Financial Reporting

Prepare monthly, quarterly, and annual financial statements. Present MIS reports, dashboards, and financial insights to management for strategic decisions. Maintain accurate and up-to-date documentation for audits and compliance.

6. Funding & Banking

Apply for funding, working capital limits, or term loans as required. Apply for subsidies for existing plan and future plant Liaise with banks, financial institutions, and auditors. Manage loan documentation, renewals, and compliance submissions.

7. Additional Industry-Relevant Responsibilities

Monitor scrap rates, melting costs, power consumption, and machine utilization. Evaluate feasibility for new production lines or capex proposals. Support management in tender pricing, quotations, and cost-benefit analysis. Ensure financial risk management in procurement of raw materials like billets, scrap, alloys, etc.
Job Type: Full-time

Pay: ?25,000.00 - ?30,000.00 per month

Education:

Master's (Preferred)
Experience:

Financial accounting: 5 years (Required)
Language:

Hindi (Preferred) English (Preferred)
Work Location: In person